Red-hot Netflix (NFLX) stock is flashing a historically-reliable bullish signal, even the company's outstanding fourth-quarter earnings report

Technically, the stock’s price is likely to drop back into a “normal” range around $930 over the next week of trading. From there, expect to see a consolidation that will lead to a robust trend towards a target price above $1,000.

Among the outlets displaying Netflix's stock chart is Yahoo! Finance. The stock price's rise comes in response to Netflix's Q4 2024 earnings report and its letter to shareholders. Netflix's revenue grew 16 percent year-over-year and is forecasting further growth in 2025.